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The real question is, would Stewart B. take the offer? Anyone who cares about their product knows a sale to MS is a death knell for innovation. Becoming a hit
by pcmaffey 11y ago
The real question is, would Stewart B. take the offer?
Anyone who cares about their product knows a sale to MS is a death knell for innovation. Becoming a hit like Slack is such a rare opportunity. I mean, why are you in this business if not for a chance to build a transformative platform? Which is what Slack has right now, a chance.
- harryh 11y agoMy gut says that Stewart doesn't take an 8B offer. But that, of course, raises the question of what number he does take. It's very hard to know.
- shostack 11y agoIt also raises the question of how much ownership he retains of the company and how much of this would actually be his decision (vs. his investors looking for an exit) given that they've raised a Series E round and have taken ~$340M in funding [1]. [1] https://www.crunchbase.com/organization/slack#/entity https://www.crunchbase.com/organization/slack#/entity
- harryh 11y agoRemember that the Series E round was on a very large valuation. He surely gave up a much greater % in the early days when the company was still working on a game.
- sospep 11y agoremember that Stewart is a Canadian and that 8 Billion US dollars is approximately 2.6 Trillion Canadian loonies, that's just about enough to get him a nice 2 bedroom condo somewhere near downtown Vancouver ;)
- st3v3r 11y agoI dunno, $8b can buy quite a bit of innovation for your next company.